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Stories for September 15th 2012

• Saturday, September 15th 2012 - 05:24 UTC

  Brazil economic activity picks up in July, but will end below 2% in 2012

  

  Brazil’s economic activity rose more than forecast in July, posting the biggest expansion in almost a year. The non-seasonally adjusted economic activity index rose 2.34% from a year earlier after rising 0.99% in June, the central bank said in a report.

• Saturday, September 15th 2012 - 05:19 UTC

  Two Brazilian mid-sized banks ordered liquidation by monetary authorities

  

  Brazil's central bank ordered the liquidation of Banco Cruzeiro do Sul on Friday after no one stepped up to acquire the troubled lender, raising doubts about government oversight of small and mid-sized banks.

• Saturday, September 15th 2012 - 05:13 UTC

  Argentina’s money supply adjusted for inflation climbed 22.6% in last 12 months

  

  A benchmark measure of Argentina's money supply rose 34.6% on the year in August, according to the central bank. In its monthly monetary report published late Thursday, the Central Bank of Argentina said its M2 measure of money supply averaged 403.93 billion Argentine pesos (86.6 billion dollars) last month.